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Dec 26, 2012
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it's an embarrassment how washington's acting. i am begging somebody in washington, step up. be accountable. take responsibility, and solve the root cause of these issues. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laughs ] hey! executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, busine
it's an embarrassment how washington's acting. i am begging somebody in washington, step up. be accountable. take responsibility, and solve the root cause of these issues. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone...
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Sep 5, 2012
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washington redskins. giants are fourth. i would think they would be a fabulous franchise. >> they do better than the jets but not as well as they should. they haven't monetized the new stadium well yet. it's an expensive stadium to run. thaw raised ticket prices this year. that will bring in more revenue and help. >> will they repeat as super bowl champs? >> i hope so. i'm partisan there. i can't hide it. >> forbes's mike ozanian. we'd like to have him at cnbc but he works for forbes and the yes network. as you heard mike say, a record 46 million americans are now on food stamps. half the households in the country have at least one person getting government benefits. this is not what i call free enterprise. we'll discuss in a moment. stay with us. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our m
washington redskins. giants are fourth. i would think they would be a fabulous franchise. >> they do better than the jets but not as well as they should. they haven't monetized the new stadium well yet. it's an expensive stadium to run. thaw raised ticket prices this year. that will bring in more revenue and help. >> will they repeat as super bowl champs? >> i hope so. i'm partisan there. i can't hide it. >> forbes's mike ozanian. we'd like to have him at cnbc but he...
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Nov 21, 2012
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anyway, back to washingtoning. the senate is going to vote on a bill that could let the feds read your e-mails without even a warrant. the bill's own sponsor probably never read his own bill in the first place and now, this goofy guy has withdrawn his support. free market capitalism is the best path to prosperity. but let's lower those rates too. how about a ko dudlowian flat t? i'll be right back. lives in the, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ >>> incredible intrusion into your personal freedom. vermont senator the leading democrat sponsoring this bill denies supporting his own bill. what happened? did he miss the part about rights? we have ckathrine mangaward thi is really something. don't need a search warrant to go into your e-mails. in fact you don't eve
anyway, back to washingtoning. the senate is going to vote on a bill that could let the feds read your e-mails without even a warrant. the bill's own sponsor probably never read his own bill in the first place and now, this goofy guy has withdrawn his support. free market capitalism is the best path to prosperity. but let's lower those rates too. how about a ko dudlowian flat t? i'll be right back. lives in the, it's about who lives in the yellow house, the green, and the apartment house, too....
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Sep 5, 2012
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the big problem for them is washington. washington and politics top their list of concerns. only 23% said the economy is fine, and no leadership change is necessary. one bright spot here, however, was stocks. 62% of them plan to invest more in stocks this year. that is a huge number given that they have an average stock portfolio of $7 million. we don't know how much they plan to put into stocks or why, but one reason may be the need for yield. here is what was surprising. more than half of the rich expect returns of more than 9%. in the low yield world that we're in right now, that is a huge target. the rich feel they can't get there without stocks. >> that's interesting. the feeling is that for long term wealth creation, it's about equities. >> yes, people said risk was a way that we got wealthy, and a lot of the people said 9% returns, that is a huge number when treasuries are below 2%. to get there you have to take big risk with stocks. >> robert, thank you. would a second term for president obama make him more like bill clinton? we'll have the comparisons between obama
the big problem for them is washington. washington and politics top their list of concerns. only 23% said the economy is fine, and no leadership change is necessary. one bright spot here, however, was stocks. 62% of them plan to invest more in stocks this year. that is a huge number given that they have an average stock portfolio of $7 million. we don't know how much they plan to put into stocks or why, but one reason may be the need for yield. here is what was surprising. more than half of the...
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Sep 6, 2012
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washington. >> there is an old saying in washington. if you don't have the votes, you don't have s. and s. doesn't rhyme with squawk. if you have the votes you have leverage. john boehner had the votes to drive the president toward a deal with spending cuts. he couldn't bring the republicans along though there were some tax increases on the table. president obama could not contemplate significant entitlement reform large enough to satisfy republicans. never did the twain meet. that was on the table. they can come back to it when they wanted to. if they are determined to sit down, lock the door and cut a deal. no one is prepared. >> do you think mitt romney will use it in the debates and on the campaign trail. do you think romney will say, look, i know how to make a deal without giving up my principles? i know how to bring people together, roll up my sleeves. i'm a turn around guy. is he going to stress that? obama couldn't, but i can. >> he may try to stress that, larry. the polling data is solid
washington. >> there is an old saying in washington. if you don't have the votes, you don't have s. and s. doesn't rhyme with squawk. if you have the votes you have leverage. john boehner had the votes to drive the president toward a deal with spending cuts. he couldn't bring the republicans along though there were some tax increases on the table. president obama could not contemplate significant entitlement reform large enough to satisfy republicans. never did the twain meet. that was on...
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Sep 6, 2012
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. >> thank you, we're getting an intriguing story out of washington about a moment at the white house that failed and the consequences turned out to be very dire. pa hampton pearson joins us. >> the price of politics, due out next week, as the famed washington postauthor and editor taking on the congressional republicans over fiscal policy. according to the washington post, would they zero in on fiscal collations by the president and ideas from both parties. he says in the early stages, john boehner told the president lawmakers were working on a bill and would not negotiate with him. according to the post, he says the president is overconfident explaining boehner as he is a golf playing, great smoking country club person to make deals. he wanted to rattle the president a little into being serious. as voters prepare to listen to president obama's acceptance speech, they might want to know what difference does it make during a second term. >> are they going to be able to work together? >> bob woodward has done it again, huh? >> yes, it's possible that speaker boehner and president obama
. >> thank you, we're getting an intriguing story out of washington about a moment at the white house that failed and the consequences turned out to be very dire. pa hampton pearson joins us. >> the price of politics, due out next week, as the famed washington postauthor and editor taking on the congressional republicans over fiscal policy. according to the washington post, would they zero in on fiscal collations by the president and ideas from both parties. he says in the early...
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Jun 7, 2012
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what we need here in washington are more leaders with more courage. a courage and conviction to do what the american people want. if you look at what happened in wisconsin the other night -- >> right. >> scott walker, the new governor, took bold action to try to do what the people of his state needed and was rewarded for his courage. >> did you see some of the polls, 38% of union households voted for scott walker? 38% of union households. do you think the reagan blue collar democrats who may be just as worried about fiscal bankruptcy and social values as anybody else, do you think they're coming back to the republican party? >> i certainly think they're available. the american people will vote with their wallets, and whether it's a union household or nonunion household, they're getting squeezed, gal olene prices higher, grocery prices higher, health care higher and their incomes flat if they have a job. >> what does mitt romney have to do to get those blue collar households? that could be the swing factor in this election? >> he's got to continue to t
what we need here in washington are more leaders with more courage. a courage and conviction to do what the american people want. if you look at what happened in wisconsin the other night -- >> right. >> scott walker, the new governor, took bold action to try to do what the people of his state needed and was rewarded for his courage. >> did you see some of the polls, 38% of union households voted for scott walker? 38% of union households. do you think the reagan blue collar...
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Jun 12, 2012
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we'll be live from washington for the circus. among my bests senator bob corker, david vitter and kay hagan. also senator bernie sanders who called on jamie dimon to step down from the board of the federal reserve. that's live tomorrow from d.c. what will questioning jamie dimon accomplish? we asked you and you tweeted. tony friend says nothing. john wells says, the testimony will establish if you are a private company it is against the low to lose money. but if the government loses money, it's not a problem. david tweets dimon testimony, nothing more than a chance for political sound bites from clueless politicians. thanks for tuning. in. send us your comments. with e eel get them on the air. that does it for us. see you tomorrow from d.c. i hope you will follow me on google plus and twitter. send us questions you want answered from the senators we have with us from washington. tweet the questions and we'll get them on the air. "fast money" begins after the break. stay with cnbc. see you tomorrow. have a great night. [ male anno
we'll be live from washington for the circus. among my bests senator bob corker, david vitter and kay hagan. also senator bernie sanders who called on jamie dimon to step down from the board of the federal reserve. that's live tomorrow from d.c. what will questioning jamie dimon accomplish? we asked you and you tweeted. tony friend says nothing. john wells says, the testimony will establish if you are a private company it is against the low to lose money. but if the government loses money, it's...
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May 11, 2012
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it's launched a firestorm on wall street and washington. and nbc's "meet the press" host david gregory scored an exclusive with jamie dimon himself. we're going to show some of that to you in just a moment. plus, we have a congressional debate about whether too big to fail banks should be broken up in order to save taxpayers. and i hate to say it, folks, but the obama administration's new plan to balance the budget by taxing fat people ain't going to work. how about a little personal freedom? how about some exercise and self-restraint instead of taxes? but first up, all eyes on "meet the press" this sunday morning. beleaguered jamie dimon sat down with david gregory late this afternoon. and after yesterday's startling disclosures. take a listen. >> the immediate question the s.e.c. is looking into this, did the bank break any laws? did it violate any accounting rules or s.e.c. rules? >> so we've had audit, legal, risk, compliance, some of our best people look into all of that. we know we were sloppy. we know we were stupid. we know there wa
it's launched a firestorm on wall street and washington. and nbc's "meet the press" host david gregory scored an exclusive with jamie dimon himself. we're going to show some of that to you in just a moment. plus, we have a congressional debate about whether too big to fail banks should be broken up in order to save taxpayers. and i hate to say it, folks, but the obama administration's new plan to balance the budget by taxing fat people ain't going to work. how about a little personal...
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i heard some interesting buzz from washington people today. they are telling me first that, yes, obama is going to change the message and is now suddenly going to embrace the deficit reduction of simpson-bowles. i want your take on that. what will mitt romney do if obama embraces simpson-bowles? >> there is a lot of criticism for the president from a lot of democratic strategists. the sum of it is ak loin the record. kevin williamson brought up a good point. what's at odds is you have a president presiding over a sluggish economy. he needs business to do well. needs people to feel confident. the american public feels like the country is going in the wrong direction. >> that's why the christian ton guys are saying to change your message. if he does change his message, richard wants him to change the message. no question. i have a romney voter here. unless obama changes the message. i want to ask you, will it put heat on your man who has a lot of momentum if obama suddenly out of the blue embraces the simpson-bowles deficit reduction package? wh
i heard some interesting buzz from washington people today. they are telling me first that, yes, obama is going to change the message and is now suddenly going to embrace the deficit reduction of simpson-bowles. i want your take on that. what will mitt romney do if obama embraces simpson-bowles? >> there is a lot of criticism for the president from a lot of democratic strategists. the sum of it is ak loin the record. kevin williamson brought up a good point. what's at odds is you have a...
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Aug 14, 2012
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, and i don't understand why companies would be so fearful about the uncertainty in washington. aren't your lobbyist in washington taking the pulse, asking the questioning, what are you likely to do after the election? they'll get it done, figure it out come january, so why not take the opportunity to begin your investments right now? >> well, because i do not what you mean, but i think what they're telling ceos right now is we don't know who will win the election and we don't know what will happen. one of the things you're now seeing, particularly with what is a brilliant decision, picking paul ryan. but you're seeing very clear differences now between the two parties. if you think as a ceo, there is a big difference now in terms of fiscal policy, and a big difference of who will be in the senate and congress as well. >> i read one wall street assessment today. they compare the fiscal cliff to y 2 k, this big drama that will turn tout be nothing for the the reason that one the election happens you will get some outcome. there will be an answer somewhere. >> yes, but i think the
, and i don't understand why companies would be so fearful about the uncertainty in washington. aren't your lobbyist in washington taking the pulse, asking the questioning, what are you likely to do after the election? they'll get it done, figure it out come january, so why not take the opportunity to begin your investments right now? >> well, because i do not what you mean, but i think what they're telling ceos right now is we don't know who will win the election and we don't know what...
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just like in our situation, eventually it's going to be something washington takes on or the city's municipalities and all of that is going to happen through the ballot box, whether june 17th or november. >> you say what else can he do? what else can the fed do that is going to be affected by -- >> nothing. they are just idling the car. the people in the house are saying, we're not ready to come out yet and they are sitting in the car idling and waiting and it's not really accomplishing anything. >> we've got to move this car along. thank you. we'll see you later. >> well, we've got 53 minutes left in the trading day with a gain of 230 points. do not miss. we've got a big show coming up today, right? >> this is a great rally, bill. a lot more ahead on this edition of the "closing bell." >> announcer: it's the interview everyone has been waiting for. and maria has it. exclusively. nasdaq's ceo bob greifeld finally answering the facebook questions people are asking from wall street to main street. with the world watching, what went wrong with one of the most anticipated ipos of all time? then, it's
just like in our situation, eventually it's going to be something washington takes on or the city's municipalities and all of that is going to happen through the ballot box, whether june 17th or november. >> you say what else can he do? what else can the fed do that is going to be affected by -- >> nothing. they are just idling the car. the people in the house are saying, we're not ready to come out yet and they are sitting in the car idling and waiting and it's not really...
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eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not represent the simpson-bowles plan or the bowles plan. in fact what b
eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president...
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most important lesson i have learned is that you can't change washington from the inside. you can only change it from the outside. >> i have no idea what he's talking about. but i want to put up the mitt romney response to this. because romney just slammed him for it. >> the president today threw in the white flag of surrender again, he said he can't change washington from inside, he can only change it from outside, we're going to give him that chance in november, he's going outside. >> first of all, what is obama talking about? he is the ultimate insider, he is the incumbent president. is he saying vote me out? >> first of all i would only hope and pray i because that would be the smartest thing the man has said in a long time. this all goes back to the 2012 dnc. in 2008, it was all about me, president obama. >> he's saying you the voters on the outside, come to me, don't dessert me, i need intensity, i need enthusiasm in order to change? is that what he's saying? >> sometimes he loses it and he says weird things. >> it depends on where he is. i think that's very, very tr
most important lesson i have learned is that you can't change washington from the inside. you can only change it from the outside. >> i have no idea what he's talking about. but i want to put up the mitt romney response to this. because romney just slammed him for it. >> the president today threw in the white flag of surrender again, he said he can't change washington from inside, he can only change it from outside, we're going to give him that chance in november, he's going...
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in spite of what happens in washington, d.c. but jennifer, shouldn't romney be out there talking about cap gains and dividends and the estate tax? things that are very near and dear to investor hearts. i don't see him saying that much about it, jennifer. i think his lead would widen if he did. >> i think so. i think that's what he has to do morning, noon, and night. he has to explain why it is that obama care is a drag on the economy. he has to explain why it is that lower taxes is going to increase the appetite for investors and for employers. >> because it work sed so well the bush administration, right? the evidence is not on his side. what mitt romney is trying to do -- >> actually, the evidence is on their side. from the 1980-1981 recession. we took off like a firecracker. we are not taking off right now. >> absolutely. >> michael steele, bill clinton cut the capital gains tax. it helped clinton win in 1996. the law of investors went for clinton. i'm just saying to your point, michael, i think mitt romney has to be more spe
in spite of what happens in washington, d.c. but jennifer, shouldn't romney be out there talking about cap gains and dividends and the estate tax? things that are very near and dear to investor hearts. i don't see him saying that much about it, jennifer. i think his lead would widen if he did. >> i think so. i think that's what he has to do morning, noon, and night. he has to explain why it is that obama care is a drag on the economy. he has to explain why it is that lower taxes is going...
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diana olick with the latest in washington. >>> up next, forget, not in my backyard. how about, don't touch my entitlement? soon the market may not give them a choice. if you give the s.e.c. more money, will they start the next madoff? we'll debate that later. >>> as we head to break, we had big moments and big newsmakers on the "closing bell" this week. take a listen. >> what about this upcoming fiscal cliff? a lot of people are worried and certainly the markets have been reacting to the idea that the bush tax cuts will expire at year end along with the spending programs that will expire. should those programs and tax cuts be extended? >> what i think we need to do is to find some way to avoid the fiscal cliff, to avoid doing anything that would contract the economy now and then deal with what's necessary in the long-term debt reduction plan as soon as they can, which presumably it will be after the election. >> bob, who is in charge here? you were in california. we saw the shots of you at the opening bell with all the facebook people. you're second in control. your
diana olick with the latest in washington. >>> up next, forget, not in my backyard. how about, don't touch my entitlement? soon the market may not give them a choice. if you give the s.e.c. more money, will they start the next madoff? we'll debate that later. >>> as we head to break, we had big moments and big newsmakers on the "closing bell" this week. take a listen. >> what about this upcoming fiscal cliff? a lot of people are worried and certainly the...
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we have so much uncertainty in washington. we do have slowing economies in europe and in the u.s. >> right. david, what do you say right now? break the tie for us. >> break the tie. in the near term, there's an epic tug of war between extremely aggressive monetary easing and just total disdain for what they're doing in washington on tax and regulatory policy. in the near term, the fiscal cliff prevails. in the longer term, the fed will prevail. there's so much mistrust on stocks that i think that still can be a positive catalyst for stocks relative to traditional bonds over the next 12 months. >> i'm going to push back a little bit on that. >> i'm going to break the tie in ralph's favor. >> david, i want to push back a little bit on that. in terms of -- like, is the fed really that much of a factor these days now in terms of keeping the market afloat? >> absolutely. >> it's not losing its bang for its buck? >> it's not as powerful as it was in the fall of 2008 or even 2010, but when you consider that, u.s., long bonds, 1.5%. s
we have so much uncertainty in washington. we do have slowing economies in europe and in the u.s. >> right. david, what do you say right now? break the tie for us. >> break the tie. in the near term, there's an epic tug of war between extremely aggressive monetary easing and just total disdain for what they're doing in washington on tax and regulatory policy. in the near term, the fiscal cliff prevails. in the longer term, the fed will prevail. there's so much mistrust on stocks...
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archer davis joins us live from washington tonight. as always, congressman, good evening. >> thank you, good to talk to you. >> let me ask you, when did the light bulb go off? i read your blog, i read the "wall street journal" blog of your blog. when and why did the light bulb go off because this is very strong stuff. >> larry, it's no one thing, but this is the simplest way i can put it. i feel a lot of the innovation, a lot of the imagination, has really drained out of the democratic party. when i first got involved in democratic politics in the late 1990s, bill clinton was in the white house. whatever you thought of bill clinton, it was a place that constantly, his white house was a place that constantly talked about innovation, new creative ideas, whether on tax reform, on welfare reform. the only ideas i see with the democratic party today are expand government and increase the tax burden on people who are doing well. those two ideas put together aren't good enough and aren't strong enough to turn this economy around and you just
archer davis joins us live from washington tonight. as always, congressman, good evening. >> thank you, good to talk to you. >> let me ask you, when did the light bulb go off? i read your blog, i read the "wall street journal" blog of your blog. when and why did the light bulb go off because this is very strong stuff. >> larry, it's no one thing, but this is the simplest way i can put it. i feel a lot of the innovation, a lot of the imagination, has really drained...
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next stop, washington, d.c. will the historic election help deliver a president mitt romney to the white house? that's a key angle to the scott walker victory. tea party supporter and radio talk show host tony katz and mike papantonio. tony, let me begin with you. does this help mitt romney? how much of a leg up does it give mitt romney? >> it helps mitt romney, it hinders president obama. you can't engage what the left has been doing which is lying, about the importance of this race. the idea of from wasserman schultz, a dry run, jay carney saying it doesn't really matter after all, walker outspends barrett so much, which was disproved. this was the public unions and union bosses going after scott walker, going after the people of wisconsin, and the people of wisconsin stood up strong and tall and said, oh, hell no. this is going to be very bad for obama going forward. >> mike, papantonio. big winner scott walker. i think mitt romney was the big winner. he gave such a spanking to the public unions, they are the
next stop, washington, d.c. will the historic election help deliver a president mitt romney to the white house? that's a key angle to the scott walker victory. tea party supporter and radio talk show host tony katz and mike papantonio. tony, let me begin with you. does this help mitt romney? how much of a leg up does it give mitt romney? >> it helps mitt romney, it hinders president obama. you can't engage what the left has been doing which is lying, about the importance of this race. the...
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this is because public regard for washington, for people in elected office, for leaders of both parties is at a record low. >> all right. terrific stuff. many thanks, cnbc's john harwood. before i bring in my next guest, i want to play some tape. back at the dnc convention in 2008, archer davis seconding barack obama's official presidential nomination. please take a listen. >> i am honored to second the nomination of the man whose victory tonight takes us closer to becoming what we know america can be, ladies and gentlemen. >> all right. well, that was then. now mr. davis has made a right turn towards the gop. just last week at the republican national convention in tampa, florida, he gave a barn burning headline speech in support of republican presidential candidate mitt romney. please take a listen. >> some of you may know the last time i spoke at a convention, it turned out i was in the wrong place. my fellow republicans, thank you for welcoming me where i belong! >> all right. joining us to discuss cnbc contributor howard dean, former vermont governor and himself a former presidentia
this is because public regard for washington, for people in elected office, for leaders of both parties is at a record low. >> all right. terrific stuff. many thanks, cnbc's john harwood. before i bring in my next guest, i want to play some tape. back at the dnc convention in 2008, archer davis seconding barack obama's official presidential nomination. please take a listen. >> i am honored to second the nomination of the man whose victory tonight takes us closer to becoming what we...
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we had a front row seat here in washington. remember as a child when you would not budge when your friend budged? today, the republicans attacked the decks for not putting any spending cuts on the table, as they push for higher taxes on the highest earners. many democrats say, we can deal with spending cuts later. just raise taxes on the upper income now to avoid going over the fiscal cliff. this, of course, kicks the can down the road. the republicans say no deal if spending cuts are not agreed upon, along with new revenue right now. not later. but now, the next salvo, democrats now are saying that they won't put any spending cut proposals out there, they want to first hear what cuts the republicans want first. i guess so that they can use that against them in the public forum. we'll remember the infamous granny over the cliff ad after paul ryan floated his budget. so, what is the end game here? what if john boehner doesn't blink? we now have less than three weeks before the new year. i have said it before -- i am not expectin
we had a front row seat here in washington. remember as a child when you would not budge when your friend budged? today, the republicans attacked the decks for not putting any spending cuts on the table, as they push for higher taxes on the highest earners. many democrats say, we can deal with spending cuts later. just raise taxes on the upper income now to avoid going over the fiscal cliff. this, of course, kicks the can down the road. the republicans say no deal if spending cuts are not...
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Jun 12, 2012
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this is washington. everybody has their special interest to represent. if we have an honest conversation after this election where there's middle ground on taxes, budget, unraveling health care reforms we have in place, we will see progress going into next year. speaker boehner has already appointed his most senior counsel to begin that planning. the obama administration would do well. the train wreck is coming. it's going to impact every aspect of our society and it's time to quit screwing around. >> gentlemen, leave it there. thanks for coming on halftime, a bit of a change of pace for us but not the battling back and forth. thank you very much. >> thank you. >> you had a microcosm why the market is paralyzed. the diatribe that went on between the 2011 them is why it's paralyzed. after the election, deficit country held hostage by that. i told this to joe in chicago. i was kidding around but not really kidding around. until the country can vote for none of the above, what's going to happen. >> up next apple's turnaround for real. talking tech after the
this is washington. everybody has their special interest to represent. if we have an honest conversation after this election where there's middle ground on taxes, budget, unraveling health care reforms we have in place, we will see progress going into next year. speaker boehner has already appointed his most senior counsel to begin that planning. the obama administration would do well. the train wreck is coming. it's going to impact every aspect of our society and it's time to quit screwing...
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Aug 9, 2012
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from what i hear, it's not something people are thinking about in washington. >> i hope ron is right and we see something in the lame duc congress. >> you're saying the lame duck congress, when? this year? >> of course, they come back, they will have to do something. they already passed a sixth month budget that gets us through march of next year, they have to do some things to stall that. if the republicans take the house, keep the senate, irrespective of what happens in the senate, it will be fiscal rectatude. >> up next, they supported his election four years ago but wall street and corporate america may be closing the wallet on president obama. >> they are spending more time raising money than they are working on the fiscal cliff. new york city has been very good, one reason mitt romney has been outraising president obama already, look at these numbers. you see all of the major fimpls, goldman sachs, jpmorgan chase, citi, morgan stanley, all had a majority. 75% of their money went to a democrat, a different environment because of the situation, the dodd-frank piece of legislation
from what i hear, it's not something people are thinking about in washington. >> i hope ron is right and we see something in the lame duc congress. >> you're saying the lame duck congress, when? this year? >> of course, they come back, they will have to do something. they already passed a sixth month budget that gets us through march of next year, they have to do some things to stall that. if the republicans take the house, keep the senate, irrespective of what happens in the...
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Jun 12, 2012
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the one notable location not on washington. the country cries out for leadership. the federal reserve just said the media net worth of american families dropped 39% in the last three years, futing us back to the early 1990s. in 2010 alone, median family income dropped nearly 8%. we desperately need an economic big bang to get home values up. question -- does the president understand how to get us there? let's talk. joining us, sirius left jab co-host. cnbc contributor of the american enterprise institute and we welcome back the former house majority leader, dick oar mee. you see these members slumping. they' been slumping for years but they're not improving at all. you see income falling. dick, is this the time for a new spending package to help out state and local governments? is this the time to throw more money at the problem? >> no, absolutely not. larry, let me go to one fundamental point. operating from a zero baseline with a government that was a minimal part of the overall economy. he never envisioned a world in which the government would be such a big burd
the one notable location not on washington. the country cries out for leadership. the federal reserve just said the media net worth of american families dropped 39% in the last three years, futing us back to the early 1990s. in 2010 alone, median family income dropped nearly 8%. we desperately need an economic big bang to get home values up. question -- does the president understand how to get us there? let's talk. joining us, sirius left jab co-host. cnbc contributor of the american enterprise...
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Sep 5, 2012
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diana olick is live in washington. hi, diana. >> reporter: hey, tyler. rents are definitely still rising. make no mistake but we may be seeing the first signs of overheating. nationally in august, rents rose 4.7% year over year. and that's strong but not as strong as the 5.8% jump in may and it's the slowest growth since march. now, all real estate is local. rents up more than 10% in houston and seattle and while they're still high in denver, san francisco, miami, oakland and boston, the increases are smaller than they were in may. so what's causing the slowdown? multifamily construction starts have been way up over a few years and coming online now. investors have also bought thousands of distressed properties and now coming on as rentals. single family. a new report of rent.com found nearly half of current renters surveyed said they're still saving for a down payment. nearly a quarter are waiting for their credit to improve. witness today's mortgage application survey down for the fifth straight week. applications to buy a home down 5% in august month
diana olick is live in washington. hi, diana. >> reporter: hey, tyler. rents are definitely still rising. make no mistake but we may be seeing the first signs of overheating. nationally in august, rents rose 4.7% year over year. and that's strong but not as strong as the 5.8% jump in may and it's the slowest growth since march. now, all real estate is local. rents up more than 10% in houston and seattle and while they're still high in denver, san francisco, miami, oakland and boston, the...
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Dec 1, 2012
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the one thing we're getting is a runaway spending in washington, d.c. that's the effect of this unlimited print mag sheen that the federal reserve has. >> let's put some gold into the equation. gold as legal tender. thanks very much to shawn fowler. now speaking of gold, thieves impersonating policemen boarded a boat in curacao and stole 70 gold bars worth an estimated $75 million. sounds like a thriller. authorities say there were six thieves wearing jackets with patches saying police who assaulted the captain and took off the gold in three cars. authorities say the shipment was legal but won't say who owned the gold or where it was headed. now, let's turn and do some stock market work. consumer spending fell in a new report out today. so did real disposable income. could have something to do with superstorm sandy. weak in yesterday's third quarter gdp report. profits, and these are the broadest gdp profits, covering about 5 million large and small companies really came in pretty good in the third quarter. up 9% from a year ago. so even though business
the one thing we're getting is a runaway spending in washington, d.c. that's the effect of this unlimited print mag sheen that the federal reserve has. >> let's put some gold into the equation. gold as legal tender. thanks very much to shawn fowler. now speaking of gold, thieves impersonating policemen boarded a boat in curacao and stole 70 gold bars worth an estimated $75 million. sounds like a thriller. authorities say there were six thieves wearing jackets with patches saying police...
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Oct 17, 2012
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barack obama old school, do we grow the economy top down from washington? nothing new. mitt romney, change, grow the economy bottom up naturally and organically, two different theories. >> hang on. >> great talking points but doesn't make them true, larry. >> we have more. matt miller, thank you we'll have you come back. that's what i just heard. stay with us, we're getting down to it now. reform versus big government. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million peo
barack obama old school, do we grow the economy top down from washington? nothing new. mitt romney, change, grow the economy bottom up naturally and organically, two different theories. >> hang on. >> great talking points but doesn't make them true, larry. >> we have more. matt miller, thank you we'll have you come back. that's what i just heard. stay with us, we're getting down to it now. reform versus big government. [ male announcer ] at scottrade, you won't just find us...
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Apr 3, 2012
04/12
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connections in washington. budget chair would be smart pick for mitt romney, if he's worried about rob portman's bush connectionses. >> steve forbes, don't know if you heard any of the paul ryan interview. surely you know the obama attack today. i want to ask you, do you believe mitt romney is the right guy to stand up to the obama attack? you're radical this, radical that, throw people out of work and kill the economy and cutting taxes for rich people. is romney the right guy to make the free enterprise case against obama? >> well, we'll see. plenty of practice in the primaries, and he's had hints of it in defending capitalism, but the key thing, larry, is consistency. hammering home tax cuts that he's proposing, getting the real proposal on free markets and health care, especially if you should be prepared, the supreme court throws this thing out in june, what do you replace it with? and the spending side he's got right. the key thing is he portrays confidence, has those specific proposals. >> he's on the tra
connections in washington. budget chair would be smart pick for mitt romney, if he's worried about rob portman's bush connectionses. >> steve forbes, don't know if you heard any of the paul ryan interview. surely you know the obama attack today. i want to ask you, do you believe mitt romney is the right guy to stand up to the obama attack? you're radical this, radical that, throw people out of work and kill the economy and cutting taxes for rich people. is romney the right guy to make the...
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Nov 21, 2012
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again, but washington isn't in a position. washington is busy taken points out of the economy, not putting points back in. one thing you haven't talked about is housing and it's the one favorable thing that we have in the outlook for 2013. >> which the chairman was positive on yesterday. >> yeah, i know, but this could be a big deal. could be a half to 1%, steve. i don't think it will be any more than that. what do you think? >> i think 1% would be a great number. i think when i look at the levels of housing starts in this country relative to the demographic, it's as if we're building homes for a 19th century population of america. i don't know where kids are living these days. i think if you guys haven't already, the best trade of all has been the fu ton couch trade because that's where people have to be living these days. the other thing that's interesting to me is when, if anything was sort of new yesterday with bernanke saying that you know what? no matter what happens, even with a fiscal cliff deal, the government is goin
again, but washington isn't in a position. washington is busy taken points out of the economy, not putting points back in. one thing you haven't talked about is housing and it's the one favorable thing that we have in the outlook for 2013. >> which the chairman was positive on yesterday. >> yeah, i know, but this could be a big deal. could be a half to 1%, steve. i don't think it will be any more than that. what do you think? >> i think 1% would be a great number. i think when...
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Sep 25, 2012
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. >> i want to come back to the washington story. ken, what is your favorite investments now and your strategy. but i wouldn't pick them right now for the best stocks. i think retailers and i think the big banks because in new york city which are so lahated, but you have a better stock market and a better out look for our economy and banks like citigroup that our power houses and financial leaders. and i think general fear about the world and the economy and uncertain uncertainty. >> we reported in break that apparently there is more terrorist cyber hacking. as you know there was speculation about jp morgan. does that bother you? how does that affect a veteran pro like yourself? >> you have to believe in the ability of our country to defend itself against the attacks? it could happen anywhere. you have to believe that we are doing a lot and we are smarter than our adversaries. >> let's go to the election. you have a 50-50 race. >> it looks like a tossup for president. the house will stay in republican hands but no one can be sure. >>
. >> i want to come back to the washington story. ken, what is your favorite investments now and your strategy. but i wouldn't pick them right now for the best stocks. i think retailers and i think the big banks because in new york city which are so lahated, but you have a better stock market and a better out look for our economy and banks like citigroup that our power houses and financial leaders. and i think general fear about the world and the economy and uncertain uncertainty....
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Sep 25, 2012
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. >> speaking for replacement anchors in for tyler, the "washington post," sue is reporting that the reading section, the scores for the reading section of the s.a.t. have now hit 40-year lows. the college board says that the clear majority, 57% of those undergoing the tests, did not even score enough to predict that they would succeed in college. as the networks of nbc focus on education here in the united states, we are also learning this hour that americans owe more on their student loans than they do on their credit cards. and the default rate on those student loans is more than four times the default rate on mortgages. so the question now is it another bubble that is about to burst? senior correspondent scott cone is reporting from washington today on some very startling statistics, scotty? >> reporter: some new statistics, simon, just in. these new figures come from fyke cok -- fico, they analyzed a large sample of credit reports, millions of them nationwide. and here is what they found. since 2005, the percentage of u.s. consumers with multiple open student loans on their cred
. >> speaking for replacement anchors in for tyler, the "washington post," sue is reporting that the reading section, the scores for the reading section of the s.a.t. have now hit 40-year lows. the college board says that the clear majority, 57% of those undergoing the tests, did not even score enough to predict that they would succeed in college. as the networks of nbc focus on education here in the united states, we are also learning this hour that americans owe more on their...
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Oct 18, 2012
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average borrowing to keep government afloat is running 50% and on top of all that, a big story in the "washington post" today, a pet lent and -- this is not a fiscal cliff, it is a recession that will totally demoralize our country. paul ryan took questions from the crowd. ryan focused mainly on the economy but also accused the president of using a sea of negativity. >> president obama is not telling you what his second temple plan would be. >> he's not saying that he would do anything new. all he's offering is four more years of the same. >> robert costa, this is interesting, ryan attacking obama. is this going to be a big theme in the last 18, 19 days? >> it definitely will be, larry. talking to romney advisors, this is their closing strategy. coming out of the first two presidential debates they see a big opening on polity and on vision. if it turns out that the president doesn't have a good vision for -- >> it's partly a referendum on the economy and it's pointing out what romney's plan is, 20% across the board tax cut, but what romney's doing now is that the president could earn on rom hi he
average borrowing to keep government afloat is running 50% and on top of all that, a big story in the "washington post" today, a pet lent and -- this is not a fiscal cliff, it is a recession that will totally demoralize our country. paul ryan took questions from the crowd. ryan focused mainly on the economy but also accused the president of using a sea of negativity. >> president obama is not telling you what his second temple plan would be. >> he's not saying that he...
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Jun 5, 2012
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the outcome of the recall election to unseat governor scott walker is being watched in washington, on wall street and all around the country. cnbc's chief washington correspondent john harwood joins us live from madison, wisconsin this evening with all the details. good evening, john. >> reporter: good evening, larry. two hours left in this recall which has gone on for months. the candidates have made a huge final push here to try to get their voters out. we're talking about republican governor scott walker, who staked his reputation and record on curbing public employee unions, democrat tom barrett, the mayor of milwaukee, who narrowly lost to walker just two years ago, now is trying again. we know what the stakes are. the first is the implications for the national effort to curb public employee unions by governors many places and also entitlements around the country. the role of outside spending, you've had huge spending, most of it favoring walker coming in from outside the state. finally, the ability of republicans and democrats to turn out their voters. that is a sign of how obam
the outcome of the recall election to unseat governor scott walker is being watched in washington, on wall street and all around the country. cnbc's chief washington correspondent john harwood joins us live from madison, wisconsin this evening with all the details. good evening, john. >> reporter: good evening, larry. two hours left in this recall which has gone on for months. the candidates have made a huge final push here to try to get their voters out. we're talking about republican...
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Dec 31, 2012
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it's down to the wire in washington. senate lawmakers try to craft a deal that's acceptable to both democrats and republicans as the hours tick down towards the fiscal cliff deadline. >>> china's manufacturing activity hits its fastest pace in a year and a half. >>> and as we head towards the end of the year, global markets look at decent returns, outperformers this year include german, japanese and hong kong stocks. the u.s. senate will meet at 11:00 a.m. eastern after lawmakers tried most of sunday to avoid a fiscal cliff. proposals moved back and forth including tying social security to the chained cpi index. aides say talks between harry reid and mitch mcconnell focus on extending middle class tax breaks and renewing unemployment benefits. president obama says the u.s. markets and economy will suffer if congress fails to act. and here is what the major players had to say at least publicly this weekend. >> if you look at projections of 2013, people generally felt that the economy would continue to grow, unemployment w
it's down to the wire in washington. senate lawmakers try to craft a deal that's acceptable to both democrats and republicans as the hours tick down towards the fiscal cliff deadline. >>> china's manufacturing activity hits its fastest pace in a year and a half. >>> and as we head towards the end of the year, global markets look at decent returns, outperformers this year include german, japanese and hong kong stocks. the u.s. senate will meet at 11:00 a.m. eastern after...
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Oct 17, 2012
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i think the american public wants to see something happen in washington, d.c. they want to see someone who has a plan for the future, some general principles they're going to get, bipartisan support behind, and move forward. you know, the president's criticism quite often strikes me as a little bit like socrates mentioned 2400 years ago. when you lose the debate slander is your only tool. i think the governor wins if, in fact, he comes out with his principles, talks about substance, and just what it takes to get the country moving forward. leave the personal attacks to other people. >> it's a good point because you really do have to walk a balance here of being the aggressor, but not being too aggressive that you turn the voter off. before we let you go we want to get your take on what happened today at citi. the shakeup. craig, you're a form ceo. what do you make of it? >> well, any time the ceo has a shoot-out with a board and loses, be there's, you know, my indication is there's some deep internal problems. not totally public. >> finally sheila, it's been re
i think the american public wants to see something happen in washington, d.c. they want to see someone who has a plan for the future, some general principles they're going to get, bipartisan support behind, and move forward. you know, the president's criticism quite often strikes me as a little bit like socrates mentioned 2400 years ago. when you lose the debate slander is your only tool. i think the governor wins if, in fact, he comes out with his principles, talks about substance, and just...
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Jul 27, 2012
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you're in washington, you cover the washington beat. newt talked about gutting welfare refois compromise dead washington? >> yeah. i think right now there's a lot of -- obama is a very polarizing figure and there's a lot of polarization right now in washington, d.c. yes, i would say certainly. >> are you afraid that we're going to wind up again with either a government shut down or the threat of a government shut down. it's been all over the papers in the last 24, 48 hours if we don't have a continuing resolution they are not going around, they will run out of money. >> am i afraid of a shut down. no i think it would be a great thing if the government wasn't doing anything. that would be very good for our country. i think the government is doing too much. >> jimmy williams, all right, what about gutting welfare reform? this sticks in my crow. you heard newt. this was one of the great social reforms, helped the economy, compromised. the democratic party voted for it and here's obama just willy-nilly on his own signing a piece of paper s
you're in washington, you cover the washington beat. newt talked about gutting welfare refois compromise dead washington? >> yeah. i think right now there's a lot of -- obama is a very polarizing figure and there's a lot of polarization right now in washington, d.c. yes, i would say certainly. >> are you afraid that we're going to wind up again with either a government shut down or the threat of a government shut down. it's been all over the papers in the last 24, 48 hours if we...
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Apr 5, 2012
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keith boykin, jim pethokoukis, jennifer ruban of the washington post. j.p., let me start with you, i'm surprised that president obama had such a hostile bullying negative attack dog rant against paul ryan who is just the budget chairman. in other words, presidents don't really use budget chairman. they tend to their higher level. ryan's down here, obama's up there, why did obama go there? and didn't that just make the public scratch its head and say what's up with this guy? >> all right. he's punching down. you're not supposed to punch down. most of this country has no idea who paul ryan is. they don't know the path to prosperi prosperity. and spending an hour -- talking about social darwinism and trojan horses? what's all this about the budget? >> many days later, i still don't know. i asked ryan what social darwinism is. do you know what it is? >> it was long ago. >> survival of the fittest translated into the economics sphere where basically it doesn't matter if the people who were in the bottom don't get anything. they don't get any jobs -- >> how m
keith boykin, jim pethokoukis, jennifer ruban of the washington post. j.p., let me start with you, i'm surprised that president obama had such a hostile bullying negative attack dog rant against paul ryan who is just the budget chairman. in other words, presidents don't really use budget chairman. they tend to their higher level. ryan's down here, obama's up there, why did obama go there? and didn't that just make the public scratch its head and say what's up with this guy? >> all right....
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Aug 16, 2012
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better night's sleep ♪ >>> the country is not as divided or obsessed with gaffes or some stray remark as washington is. what joe biden was talking about, again, is an example of a substantive argument, a substantive issue the american people should be concerned about. his phrasing is a distraction from what is at stake. >> well, that was president obama defending his veep, joe biden. but some believe because of the vice president's repeated blunders, the democratic ticket might get swapped out. how about obama-hillary? could it happen? joining me is an expert on this one. edward klein, author of the new york times best-selling book "the amateur." it's back up to number two on the list. welcome back, ed. >> thanks. >> swapping out? is such a thing possible? >> just before we went on the air tonight i checked with my sources in the clinton camp and i took notes. i wanted to be careful. here is what they told me. up until just a couple of weeks ago, the white house was putting out feelers to see if hillary would accept the vice presidential nod and replace joe biden. bill clinton was, i'm told, urging
better night's sleep ♪ >>> the country is not as divided or obsessed with gaffes or some stray remark as washington is. what joe biden was talking about, again, is an example of a substantive argument, a substantive issue the american people should be concerned about. his phrasing is a distraction from what is at stake. >> well, that was president obama defending his veep, joe biden. but some believe because of the vice president's repeated blunders, the democratic ticket might...
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Apr 23, 2012
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. >>> and breaking news, "the washington post" reports that walmart is now facing a justice department federal criminal investigation on charges that for years it bribed mexican officials to speed up permits to build its dominance in the country. but, look, they added the 2,200 stores, 200,000 jobs, and value to their shaerlds. who is the victim here? >>> and stocks did drop 102 points on reports of europe, spain officially in recession, the dutch government falls, and france could see a socialist president. >>> but we begin tonight with the scandals ballooning at the white house and republicans are demanding presidential accountability. cnbc's hampton pearson joins us now with the details. good evening, hampton. >> good evening, larry. the scorecard of the secret service prostitution scandal now includes a 12th member of the military, an army soldier who was part of the advance team from the white house communications office, that agency went ahead of president obama's visit to colombia to the summit of americas. the president today withdrawing security clearances of all military pers
. >>> and breaking news, "the washington post" reports that walmart is now facing a justice department federal criminal investigation on charges that for years it bribed mexican officials to speed up permits to build its dominance in the country. but, look, they added the 2,200 stores, 200,000 jobs, and value to their shaerlds. who is the victim here? >>> and stocks did drop 102 points on reports of europe, spain officially in recession, the dutch government falls,...
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Oct 4, 2012
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not so easy to do it in washington. >> you're right, it's more difficult. but did he do it in massachusetts with a legislature that was overwhelmingly opposed to him. so there's good reason he can believe. >> thank you so much. back to you. >> all right. thank you very much, john harwood for your hard work and long day. that's our coverage from tonight's debate in denver. >> thanks so much for joining us. tune in for "worldwide exchange" at 4:00 a.m. [ male announcer ] the 2013 smart comes with 8 airbags, a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. [ male announcer ] the exceedingly nimble, ridiculously agile, tight turning, fun to drive 2013 smart. ♪
not so easy to do it in washington. >> you're right, it's more difficult. but did he do it in massachusetts with a legislature that was overwhelmingly opposed to him. so there's good reason he can believe. >> thank you so much. back to you. >> all right. thank you very much, john harwood for your hard work and long day. that's our coverage from tonight's debate in denver. >> thanks so much for joining us. tune in for "worldwide exchange" at 4:00 a.m. [ male...
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Oct 26, 2012
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the "washington post" citing a report by the national association of manufacturer's says companies are bracing for the fallout by cutting jobs and delaying big purchases. government data shows business investment stalled in september. the report goes on to say if congress fails to address the cliff, 6 million jobs could be lost over the next year, that would push unemployment to near 12%. and what we're hearing is not a whole lot different than what we're hearing from the eceos. let's look at stocks that could move. expedia earned $1.32ed a share.. let's look at stocks that could move. expedia earned $1.32ed a share. results were driven by strong hotel bookings.d a share. results were driven by strong hotel bookings. a share. results were driven by strong hotel bookings. deckers 14 cents above estimates. revenue was short of consensus. an footwear maker also lowered current quarter guidance as sales of its ugg shoes declined. i have a pair that are like canvas tops and i've worn them a lot. >> are they the ones that are fur lined? >> no. >> those are the traditional uggs. >> well, you
the "washington post" citing a report by the national association of manufacturer's says companies are bracing for the fallout by cutting jobs and delaying big purchases. government data shows business investment stalled in september. the report goes on to say if congress fails to address the cliff, 6 million jobs could be lost over the next year, that would push unemployment to near 12%. and what we're hearing is not a whole lot different than what we're hearing from the eceos. let's...
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Dec 8, 2012
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do you think the city of washington is going to implode? do you think federal government is not going to be able to do its job anymore? i don't believe any of that for one nano second. >> i think that's a no, no and no if i recall correctly what the questions were. the sun is still going to come up. right now i think the first place to start cutting, i would eliminate the jobs of the people that say there's no place to cut. if they can't find a place to cut get rid of them. >> this is the old washington monument syndrome. you know this. when i worked down there, anytime there's a little bit of cuts someplace people start saying we're going to have to close down the washington monument. we're going to have to close down the national parks. we'll never have another tour nift washington, d.c. it's all lot of crap, ernie. all this is would be a small reduction in the growth of the federal workforce. and god knows we could use that. >> i know up wouldn't it be wonderful if we could actually bring that down to a freeze or even a 1% actual cut? no
do you think the city of washington is going to implode? do you think federal government is not going to be able to do its job anymore? i don't believe any of that for one nano second. >> i think that's a no, no and no if i recall correctly what the questions were. the sun is still going to come up. right now i think the first place to start cutting, i would eliminate the jobs of the people that say there's no place to cut. if they can't find a place to cut get rid of them. >> this...
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Aug 31, 2012
08/12
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he's a democratic strategist in washington tonight. robert, how effective was the speech and how concern are you that mitt romney did not make the emphasis on tax cuts that larry kudlow was talking about? >> look, mitt romney had to introduce himself to the country tonight. this is one of his better speeches. romney showed heart. he often times has the appearance of a former bain capital executive. he really can't make the case for himself on a personal letter. so he needed to talk about business, talk about his family, and that's what he did here tonight. >> one thing i would say here on this -- again, i agree that the narrative was good, and i think he came off as a humble, likable guy. but on taxes, one thing he didn't do, he did not mention the personal individual tax cut. this troubles me. he has a 20% tax cut, lower rates for everybody across the board. now, he did say he would not raise taxes on the middle class. but he did not say that he would cut taxes on the middle class, and his 20% tax cut does that, and i think he got all
he's a democratic strategist in washington tonight. robert, how effective was the speech and how concern are you that mitt romney did not make the emphasis on tax cuts that larry kudlow was talking about? >> look, mitt romney had to introduce himself to the country tonight. this is one of his better speeches. romney showed heart. he often times has the appearance of a former bain capital executive. he really can't make the case for himself on a personal letter. so he needed to talk about...
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Dec 27, 2012
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starting with the budget crisis in washington. we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish the names and addresses of thousands of private citizens who have legal gun permits. can the mainstream media still claim not to hate all gun owners after a stunt like this? "the kudlow report" starts right now. let's get the latest on the snag on the fiscal cliff talks and surprise news we are going to reach the debt ceiling in days instead of just a few months. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. fir
starting with the budget crisis in washington. we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish...
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May 31, 2012
05/12
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cnbc's chief washington correspondent john harwood with the details. good evening, john. >> reporter: good evening, larry. lots of action in the presidential race today. and it started early this morning with the release of new nbc marist polls showing several battleground states in a dead heat. let's start with iowa where you see the president and mitt romney tied. then you go to the state of colorado another target that president obama carried last time. he's up by just one point. then you go to nevada, another state which is highly contested, also with a large hispanic population, hard hit by foreclosures, president obama's only up 2 points there. mitt romney tried to move the needle by traveling to california to visit the bankrupt solyndra that got federal aid from the stimulus and attacked the president for crony capitalism. >> you realize if the business had done spectacularly well, the shareholders, his friends, wow done very, very well. but the taxpayers would've just gotten their money back. on the other hand, of course, as the business failed
cnbc's chief washington correspondent john harwood with the details. good evening, john. >> reporter: good evening, larry. lots of action in the presidential race today. and it started early this morning with the release of new nbc marist polls showing several battleground states in a dead heat. let's start with iowa where you see the president and mitt romney tied. then you go to the state of colorado another target that president obama carried last time. he's up by just one point. then...
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Aug 23, 2012
08/12
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joining us now with the details, cnbc's chief washington correspondent john harwood. good evening. >> good evening, larry. that was the outstanding event today. president obama kept a low profile. mitt romney went to new mexico to promise something every american president for the last 40 years has tried and failed to do. that's deliver energy independence. >> i will set a national goal of america and north america -- north american energy independence by 2020. north american energy independence by 2020. [ cheers and applause ] >> that means we produce all the energy we use in north america. and there are a number of things i will do to make that happen. it is achievable. this is not some pie in the sky thing. this is a real achievable objective. >> now, some of the elements of the plan he unveiled in new mexico were familiar like expanded oil drilling. more than the president has agreed to. but parts of it were new. that's giving states control over energy exploration on federal lands within their borders. mitt romney said the economic benefits from those steps would
joining us now with the details, cnbc's chief washington correspondent john harwood. good evening. >> good evening, larry. that was the outstanding event today. president obama kept a low profile. mitt romney went to new mexico to promise something every american president for the last 40 years has tried and failed to do. that's deliver energy independence. >> i will set a national goal of america and north america -- north american energy independence by 2020. north american energy...
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Jun 6, 2012
06/12
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i think a great deal of business people's concern is when they look to washington, d.c. and listen to the debates that go on capitol hill they think to themselves deep down in their heart of hearts can these people really deal with the issues we're facing. >> yeah. >> now the good news is exporters from the united states are in some of the strongest position they've been in a long time. exports out of the united states have provided lift to our economy. nevertheless, the job creation in the united states is not what it should be nor should our gdp, nor is our gdp growth. but the small businesses are struggling. >> carly, you're staying with us for the rest of the hour. a very good thing indeed. talking about,000 rein in your dent or country's debt. i'm looking at some flashes on the wire again. the french government, they've signed off on a decree to lower the retirement age to 60 in certain circumstances according to the minister being quoted by reuters. the first decree to lower the age will increase the euros. >> it makes a lot of sense. >> this is one of the things t
i think a great deal of business people's concern is when they look to washington, d.c. and listen to the debates that go on capitol hill they think to themselves deep down in their heart of hearts can these people really deal with the issues we're facing. >> yeah. >> now the good news is exporters from the united states are in some of the strongest position they've been in a long time. exports out of the united states have provided lift to our economy. nevertheless, the job...
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Sep 19, 2012
09/12
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my concern is that the fiscal cliff is overwhelmingly tax increases and the problem that we have in washington is that government is too big. here's the one statistic your audience needs to understand. if for the next ten years we can simply hold government spending down so it only grows 2.5% a year, we can actually balance the budget after ten years and not have any tax increases, make the 2001 and 2002 tax rules permanent. as much as i would like to significantly reduce the size of government, all we have to do is restrain the goat of government so it grows slower than the private sector and we balance the budget within ten years. >> of course, what dan is not telling you is that with the retirement of the baby boom generation, with rising health care costs, with the need for a robust military, we are not going to be able to constrain the growth of government spending, as he puts it to that low level. we haven't ever been able to. it's not about big government spending. it's about demographics and underlying issues. >> i don't know if you could say that for sure. it's also about spending. >>
my concern is that the fiscal cliff is overwhelmingly tax increases and the problem that we have in washington is that government is too big. here's the one statistic your audience needs to understand. if for the next ten years we can simply hold government spending down so it only grows 2.5% a year, we can actually balance the budget after ten years and not have any tax increases, make the 2001 and 2002 tax rules permanent. as much as i would like to significantly reduce the size of...
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Sep 28, 2012
09/12
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read her blog right turn on the "washington post." it is where i learn about these things. >>> on the side note, president obama took the time to call netanyahu. the white house says the president and the prime minister share a goal to prevent iran from having nuclear weapons. but romney told reporters afterwards that he told netanyahu he can't take military options off the table. take a look at this. this is not a good number. are we talking stall-speed recovery or outright recession? you know we have a lot of problems out there. we have this benghazi problem, the iranian problem with israel and now loutzcy economics coming in. i don't know what the heck we are going to do. later in the show we will talk about another problem, mitt romney. is mitt romney's problem mitt romney or his messaging? republicans seem to be divided and we will have a discussion. don't forget, folks, free market capitalism is the best path to prosperity. truth telling is the best path to prosperity. transparency is the best path to prosperity. i'm kudlow we'l
read her blog right turn on the "washington post." it is where i learn about these things. >>> on the side note, president obama took the time to call netanyahu. the white house says the president and the prime minister share a goal to prevent iran from having nuclear weapons. but romney told reporters afterwards that he told netanyahu he can't take military options off the table. take a look at this. this is not a good number. are we talking stall-speed recovery or outright...
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Jul 16, 2012
07/12
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we'll talk to chief washington correspondent john harwood live in the white house press room. good evening. maybe i'm a sinnic. been around too long. i'm not shocked by any of this. >> i'm not either. larry, ever since i have been covering politics and reading about politics before i was covering it when my dad covered johnson and nixon we knew about attempts by the government to try to control the terms of exchange for the release of information to reporters. there are some circumstances where they don't have the ability. if you are live on television they can't edit that. if you are in a mass briefing on the record they can't edit that. they can control which reporters, senior officials can control which reporters they talk to and which they don't. sometimes they will grant interviews. it's happened to me like it happened to most people who work in the room and other places around washington. they say, we'll let you talk to the chief of staff but it will be on background. you can ask if there are quotes you can use. that's the way it works. >> background. you're right. it ha
we'll talk to chief washington correspondent john harwood live in the white house press room. good evening. maybe i'm a sinnic. been around too long. i'm not shocked by any of this. >> i'm not either. larry, ever since i have been covering politics and reading about politics before i was covering it when my dad covered johnson and nixon we knew about attempts by the government to try to control the terms of exchange for the release of information to reporters. there are some circumstances...